The mines act permit, which is the formal approval for comany’s mine plan and reclamation program, would now allow the company to go ahead with commercial production at the Yellow Giant project.
Mine Permit M-241 also allows the company to construct a 200tpd grinding and flotation plant, an underground mine at the Tel Zone, and associated facilities including rock stockpiles and other infrastructure.
Banks Island Gold said it is expecting approval of its British Columbia Mining Lease and Environmental Management Act Permits in the near future.
